Fuel Prices: Domestic petrol and diesel costs differ throughout states on account of worth added tax (VAT).
Petrol and diesel charges had been stored unchanged throughout the 4 metro cities for the eighth consecutive day on Sunday i.e. March 07 by Indian Oil Corporation, the nation’s largest state-run oil refiner. Petrol costs had been final hiked every week in the past, on Saturday, February 27, by 24 paise per litre within the nationwide capital, to the touch an all-time excessive of Rs 91.17. Since then, gasoline charges have remained unchanged throughout all 4 metro cities. As of now, the very best gasoline costs are in Mumbai the place petrol is at Rs 97.57 per litre and diesel at Rs 88.60 per litre, in line with Indian Oil Corporation.
Here are the present costs of petrol and diesel (in rupees per litre):
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 91.17 | 81.47 |
| Mumbai | 97.57 | 88.60 |
| Chennai | 93.11 | 86.45 |
| Kolkata | 91.35 | 84.35 |
| Source: Indian Oil | ||
Oil advertising corporations – Bharat Petroleum, Indian Oil Corporation, and Hindustan Petroleum align the charges of home gasoline with the worldwide benchmarks, by considering any modifications within the international change charges. Any revisions in gasoline charges are applied with impact from 6 am every day. Also, the home petrol and diesel costs differ throughout states as a result of value-added tax (VAT).
Fuel costs throughout the nation have witnessed a hike since January 2021 on account of a rally in world crude oil costs.
On Friday, brent crude futures, the worldwide oil benchmark, gained 2.59 per cent to $ 68.47 per barrel. Meanwhile, the rupee declined 19 paise to 73.02 in opposition to the greenback.
